SEGMENT REPORTING

12 Months Ended

Dec. 31, 2023

SEGMENT REPORTING

16.SEGMENT REPORTING

As of December 31, 2023, CoreCivic operated 43 correctional and detention facilities, 39 of which the Company owned. In addition, CoreCivic owned and operated 23 residential reentry centers and owned 6 properties held for lease to government agencies. Management views CoreCivic's operating results in three operating segments, CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. CoreCivic Safety includes the operating results of those correctional and detention facilities placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic, as well as those correctional and detention facilities owned by a third party and managed by CoreCivic. CoreCivic Safety also includes the operating results of TransCor America, LLC, a subsidiary of the Company that provides transportation services to governmental agencies. CoreCivic Community includes the operating results of those residential reentry centers placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic. CoreCivic Community also includes the operating results of the Company's electronic monitoring and case management services. CoreCivic Properties includes the operating results of those properties leased to government agencies. The operating performance of the three segments can be measured based on their net operating income. CoreCivic defines facility net operating income as a facility's revenues less operating expenses.

The revenue and net operating income for each of the three segments and a reconciliation to CoreCivic's income before income taxes is as follows for the three years ended December 31, 2023, 2022, and 2021 (in thousands):

	For the Years Ended December 31,
	2023			2022			2021
Revenue:
Safety	$	1,731,421		$	1,684,035		$	1,693,968
Community		115,068			103,263			99,435
Properties		49,875			57,873			68,934
Total segment revenue		1,896,364			1,845,171			1,862,337
Operating expenses:
Safety		1,356,496			1,313,567			1,236,938
Community		91,895			86,016			81,610
Properties		13,829			13,682			18,155
Total segment operating expenses		1,462,220			1,413,265			1,336,703
Facility net operating income:
Safety		374,925			370,468			457,030
Community		23,173			17,247			17,825
Properties		36,046			44,191			50,779
Total facility net operating income		434,144			431,906			525,634
Other revenue (expense):
Other revenue		271			158			279
Other operating expense		(210	)		(527	)		(362	)
General and administrative		(136,084	)		(127,700	)		(135,770	)
Depreciation and amortization		(127,316	)		(127,906	)		(134,738	)
Shareholder litigation expense		—			(1,900	)		(54,295	)
Asset impairments		(2,710	)		(4,392	)		(11,378	)
Interest expense, net		(72,960	)		(84,974	)		(85,542	)
Expenses associated with debt repayments    and refinancing transactions		(686	)		(8,077	)		(56,279	)
Gain on sale of real estate assets, net		798			87,728			38,766
Other income (expense)		576			986			(212	)
Income before income taxes	$	95,823		$	165,302		$	86,103

The following table summarizes capital expenditures including accrued amounts for the years ended December 31, 2023, 2022, and 2021 (in thousands):

	For the Years Ended December 31,
	2023		2022		2021
Capital expenditures:
Safety	$	51,070	$	70,399	$	56,978
Community		3,138		2,362		2,631
Properties		2,324		3,560		9,081
Corporate and other		11,217		7,123		12,804
Total capital expenditures	$	67,749	$	83,444	$	81,494

The total assets are as follows (in thousands):

	December 31,
	2023		2022
Assets:
Safety	$	2,284,243	$	2,433,126
Community		213,145		216,303
Properties		402,889		362,908
Corporate and other		205,122		232,432
Total assets	$	3,105,399	$	3,244,769